Midweek Lecture: The fox knows many things, but the hedgehog knows one big thing!

πόλλ’ οἶδ’ ἀλώπηξ, ἀλλ’ ἐχῖνος ἓν μέγα
“The fox knows many things, but the hedgehog knows one big thing.”
– Archilochus

Vikram Mansharamani the global investor and Yale lecturer who wrote the book Boombustology, Spotting Financial Bubbles Before They Bust delivers a fascinating lecture below. For “bubbliophiles”, Boombustology is a fascinating insight into the nature of how bubbles form, and the circumstances around how they collapse.

Being an autodidactic person, I have some fairly unique views on education in this highly specialised and optimised world, a world which stands in opposition to my desire to know something about everything – part of the allure of the investment management business – I get to read whatever I want. Mansharamani shares his insights into “foxy thinking” (being a generalist) and the large amount of  lenses and inputs through which he views the world. Mansharamani shares some interesting observations regarding the correlation between Sotheby’s (BID) equity price, the construction of world’s tallest buildings, and the boom-bust cycle within markets.

Embrace foxy thinking,